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Press invitation: "Illicit Financial Flows from Africa", report by Thabo Mbeki

By European Parliament
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You are cordially invited to a press conference by

Louis Michel (ALDE, BE), Chair of the Delegation to the ACP-EU Joint Parliamentary Assembly

and

Thabo Mbeki, former President of the South Africa and Chair of the African Union's high level panel on illicit financial flows on his report on:

"Illicit Financial Flows from Africa"

On Thursday 21 April at 11:30in the press conference room "Anna Politkovskaya" in Brussels

Illicit financial flows out of Africa have become a matter of major concern because of the scale and negative impact of such flows on Africa's development and governance agenda. By some estimates, illicit flows from Africa could be as much as US $50 billion per annum. This is approximately double the official development assistance (ODA) that Africa receives and, indeed, the estimate may well be short of reality as accurate data does not exist for all transactions and for all African countries.